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Markets have opened on a negative note tracking weakness in Asian markets. Markets will remain cautious ahead of the Reserve Bank of India’s monetary policy tomorrow.
By 9:30, the Sensex was lower by 26 points at 19,722 levels and the Nifty dipped by 14 points at 5,872.
Japanese stocks fell on Monday morning, underperforming other Asian markets as the yen hit a one-month high against a dollar hamstrung by expectations of dovish comments from the US Federal Reserve after a policy review this week.
MSCI's broadest index of Asia-Pacific shares outside Japan edged up 0.1%, following on from a 1.9% rise last week. But Tokyo's Nikkei slid 1.8%, extending last week's 3.2% decline.
On Friday, US stocks ended higher on expectations of stimulus.
The Dow Jones Industrial Average rose 3.22 points, or 0.02 percent, to end at 15,558.83. The Standard & Poor's 500 Index gained 1.40 points, or 0.08 percent, to finish at 1,691.65. The Composite Index advanced 7.98 points, or 0.22 percent, to close at 3,613.16.
Back home, BSE FMCG, Bankex, Metal, Capital Goods and Realty indices have plunged by nearly 1% each. However, BSE Auto and Consumer Durables indices have declined by 1% each.
The main losers on the Sensex at this hour include HUL< Coal India, Hindalco, HDFC Bank, GAIL, L&T, Dr Reddy’s, Maruti Suzuki and TCS.
On the gaining side, Wipro has jumped by over 5%. The company posted a net profit of Rs 1,623 crore, up 2.7% from the same period last year. The company's revenue was reported at Rs 8,741 crore compared to Rs 8,314 crore, up 5.1%.
Wipro estimated US dollar revenue of $1,620 million to $1,650 million, representing a growth rate of 1.9 per cent to 3.8 per cent for the second quarter ending September 30, much ahead of street expectation.
Other notable gainers are Sun Pharma, Tata Motors, Tata Power, ONGC and RIL.
The markets breadth in BSE remains weak with 459 shares declining and 364 shares advancing.
By 9:30, the Sensex was lower by 26 points at 19,722 levels and the Nifty dipped by 14 points at 5,872.
Japanese stocks fell on Monday morning, underperforming other Asian markets as the yen hit a one-month high against a dollar hamstrung by expectations of dovish comments from the US Federal Reserve after a policy review this week.
MSCI's broadest index of Asia-Pacific shares outside Japan edged up 0.1%, following on from a 1.9% rise last week. But Tokyo's Nikkei slid 1.8%, extending last week's 3.2% decline.
On Friday, US stocks ended higher on expectations of stimulus.
The Dow Jones Industrial Average rose 3.22 points, or 0.02 percent, to end at 15,558.83. The Standard & Poor's 500 Index gained 1.40 points, or 0.08 percent, to finish at 1,691.65. The Composite Index advanced 7.98 points, or 0.22 percent, to close at 3,613.16.
Back home, BSE FMCG, Bankex, Metal, Capital Goods and Realty indices have plunged by nearly 1% each. However, BSE Auto and Consumer Durables indices have declined by 1% each.
The main losers on the Sensex at this hour include HUL< Coal India, Hindalco, HDFC Bank, GAIL, L&T, Dr Reddy’s, Maruti Suzuki and TCS.
On the gaining side, Wipro has jumped by over 5%. The company posted a net profit of Rs 1,623 crore, up 2.7% from the same period last year. The company's revenue was reported at Rs 8,741 crore compared to Rs 8,314 crore, up 5.1%.
Wipro estimated US dollar revenue of $1,620 million to $1,650 million, representing a growth rate of 1.9 per cent to 3.8 per cent for the second quarter ending September 30, much ahead of street expectation.
Other notable gainers are Sun Pharma, Tata Motors, Tata Power, ONGC and RIL.
The markets breadth in BSE remains weak with 459 shares declining and 364 shares advancing.
